Global Banana Flour Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Banana Flour Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global banana flour market report has been segmented on the basis of source, process type, application, distribution channel, and region.

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Global Banana Flour Market: Overview

Banana is one of the most consumed fruits due to its benefits such as high source of fiber, and good source of energy for individuals who work out. Banana flour is made of raw and green bananas which is used as a replacement for wheat flour. The texture of banana flour is similar to wheat flour, and it is rich in dietary fiber, aids in colon health, and starch free. It is also used as gluten free ingredient and added to many baked foods. There are various health benefits of banana flour such as it helps to reduce insulin sensitivity and cholesterol levels, helps in weight loss and obesity management, and balances blood sugar level.

Global Banana Flour Market: Dynamics

Increasing consumer preference towards healthy food, coupled with growing demand for banana flour from the food industry are major factors driving growth of the global market. Rapidly increasing demand for gluten-free products, rising number of diet conscious consumers, and upsurge in the production of green bananas are important factors which are expected to drive growth of the global banana flour market over the forecast period. In addition, growing adoption of banana flour in various as an ingredient in various food products, rising disposable income, rising living standards are some other factors expected to support growth of target market over the fore-coming years. Rapid urbanization in developing countries, and rising demand for ready-to-eat meals, coupled with increasing working population are some other factors expected to further support growth of the target market over the forecast period.

However, availability of various alternatives, lack of awareness about benefits of banana, lack of awareness regarding availability of banana flour are major factors that could hamper growth of the global market.

Global Banana Flour Market: Segment Analysis

Among the nature segments, the organic segment is expected to register fastest revenue growth over the forecast period, due to increasing demand for organic food products and increasing per capita income.

Among the process type segments, the spray dried segment is expected to dominate in the target market over the forecast period. Many manufacturers are using the process of spray dried in the production of banana flour, currently.

Among the application segments, the food segment is expected to hold a major revenue share, due to large number of application of banana flour in the food industry.

Global Banana Flour Market: Regional Analysis

The market in Asia Pacific is expected to account for highest share in the global banana flour market in terms of revenue, owing to increasing demand for banana flour for application in production of confectionery and bakery products, and presence of prominent players operating in economies such as China and  India in this region. The Europe market is expected to account for second-highest revenue share in the global market, due to growing awareness about consumption of organic food products in the region, followed by markets in North America. Rising merger and acquisition activities between major players operating in the region is further expected to support growth of the Europe market. The Latin America and Middle East & Africa markets are expected to register moderate growth rate over the forecast period.

Global Banana Flour Market Segmentation:

Segmentation by source:

Organic
Conventional

Segmentation by process type:

Freeze dried
Spray dried

Segmentation by application:

Household
Food industry
Beverages
Pet Food
Feed Industry

Segmentation by distribution channel:

Direct channel
Indirect channel